State Regulations on Virtual Currency and Blockchain Technologies (Updated July 2020)

There exists no uniformity with respect to how businesses that deal in virtual currencies (also known as “cryptocurrencies”) such as Bitcoin are treated among the states. For these proprietors, often the first question asked when deciding whether to operate within a state is whether existing state money transmitter rules apply to the sale or exchange of virtual currencies. As you will see from the discussion below, most states have not yet enacted regulations that provides virtual currency…<BR />By: <a href=”https://www.jdsupra.com/profile/carltonfields/”>Carlton Fields</a>
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